New Delhi, April 2 Alkem Laboratories Ltd announced on Thursday that it would almost double its investment to up to ₹1,036 crore for its proposed greenfield formulation manufacturing facility in Ujjain, Madhya Pradesh.
The company's board of directors approved an increase in investment from up to ₹533 crore to up to ₹1,036 crore, to be made in phases, for setting up the manufacturing facility in Ujjain, Alkem Laboratories Ltd said in a regulatory filing.
Earlier, on March 18, the company had stated that it had received an allotment letter from DMIC Vikram Udyogpuri Ltd, for the allocation of 30 acres of land for setting up the greenfield formulation manufacturing facility at Ujjain, and the company's board had approved an investment of up to ₹533 crore, to be made in phases.
